Prudential Plans ‘Living Payouts’ to Terminally Ill
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<i> United Press International</i>
NEW YORK — Prudential Insurance Co. said Friday it will make so-called “living payouts” to life insurance policyholders who are terminally ill or permanently confined to a nursing home to help ease their last months.
Prudential, based in Newark, N.J., said the benefit option will be available on current policies having death benefits of at least $25,000 and on new policies of at least $50,000.
The option will be offered at no additional cost, the insurer said.
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